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Drudge Retort: The Other Side of the News
Monday, April 15, 2024

Small-time investors who took the leap and bought stock in Trump Media & Technology Group appear to be coming to the realization that they should hang onto their day jobs as the value of shares in the company behind Truth Social spirals downward ...

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Just keep buying and holding, MAGA investors, just keep buying and holding. It'll bounce any day now.

#1 | Posted by bartimus at 2024-04-15 01:48 AM | Reply | Newsworthy 2

As I've pointed out multiple times, get ready for sob stories from MAGAts who invested...ahem...let's say more than prudent amounts, and will now commence whining...

...about how bad Biden's economy is on them.

#2 | Posted by Danforth at 2024-04-15 05:15 AM | Reply | Newsworthy 1

" When will it be the BOTTOM!!!"

via GIPHY

#3 | Posted by Nixon at 2024-04-15 07:22 AM | Reply

Oh sweeties...you have about 32 more points before it bottoms.

Just ask to the investors in Fat Nixons steaks, airline, water and casinos.

#4 | Posted by Nixon at 2024-04-15 07:24 AM | Reply | Newsworthy 3

When will it be the BOTTOM!!!

When it starts self-describing as MAGA.

The bottom lamenting being the bottom.

Sad thing is, instead of being pissed at Trump for conning them (again!), they'll somehow turn it into anti-Biden hate.

#5 | Posted by jpw at 2024-04-15 09:10 AM | Reply | Newsworthy 3

Trump Media shares plunge after company files to issue additional DJT stock

www.cnbc.com

Keep buying, deplorables. Putin's DNA receptacle needs your help more than ever.

#6 | Posted by reinheitsgebot at 2024-04-15 09:16 AM | Reply

The average Trumper is as dumb as your average Russian soldier. Sad.

#7 | Posted by a_monson at 2024-04-15 09:40 AM | Reply

Bob Cesca
@bobcesca_go

35s
Never invest in Trump stock, me boys.

Lol

#8 | Posted by reinheitsgebot at 2024-04-15 09:44 AM | Reply | Funny: 1

MAGA Rubes Baffled By Truth Social Stock Woes

MAGAts gotta stick with it and buy more stock. Like injecting oneself with bleach to treat COVID. Do it till it hurts, and then keep doing it until I say when.

#9 | Posted by censored at 2024-04-15 09:50 AM | Reply

This is definitely the funniest story of the year.

Trump idiots pumping a stock that might be worth $2-$4 only for Trump to issue MORE shares and dilute their holdings.

The company LOST $58 million last year. It had ONLY $4.1 million in revenue. For every dollar it makes, the company spends $14!

#10 | Posted by Sycophant at 2024-04-15 10:58 AM | Reply

@#4 ... you have about 32 more points before it bottoms. ...

I just checked, stock price for DJT is just under $28.

finance.yahoo.com


#11 | Posted by LampLighter at 2024-04-15 11:42 AM | Reply

@#6 ... Trump Media shares plunge after company files to issue additional DJT stock ...

Stock dilution is usually not a good thing for a company that is losing money.

#12 | Posted by LampLighter at 2024-04-15 11:44 AM | Reply

The stock was ...ahem... RIGGED.

#13 | Posted by LegallyYourDead at 2024-04-15 02:48 PM | Reply

Near all IPOs do this as the quick money takers bid up the stock for the rubes and once they spend their money on the higher stock price, the quick money takers sell, resulting in the stock going down. If you bought stock at the opening of the IPO it was pretty much a given once the hype was over you were going to lose money.

#14 | Posted by BBQ at 2024-04-15 02:49 PM | Reply

#14

Pump and dump.

#15 | Posted by tonyroma at 2024-04-15 02:51 PM | Reply

" When will it be the BOTTOM!!!"

The bottom will look like a 404 error screen.

#16 | Posted by Whatsleft at 2024-04-15 02:59 PM | Reply

Trump Media shares plunge more than 15% after company files to issue additional DJT stock

#17 | Posted by qcp at 2024-04-15 03:21 PM | Reply

@#17

Looks like an additional 3% drop so far in after-hours trading (now under $26), according to the link in #11.

#18 | Posted by LampLighter at 2024-04-15 05:28 PM | Reply

The Plan apparently was that the stock would only have to hold up for 6 mos until Trump could sell his and even though most people would lose their investment, he would still make out nicely since this was borrowed money he wasn't going to have to pay back anyway.

Technically, he might be able to sell sooner; give himself a waiver, but that hasn't happened either. He may not have room for another Court date, lol.

#19 | Posted by Corky at 2024-04-15 05:34 PM | Reply

"Truth Social Backers Baffled"

Here's a hint, morons: IT'S STILL OVERPRICED.

So keep buying!!!

#20 | Posted by Danforth at 2024-04-15 06:05 PM | Reply

@#20 ... IT'S STILL OVERPRICED. ...

Well, imo, yeah - significantly overpriced.

But just as I am not a lawyer, I also am not a financial adviser. I do not provide investing advice.


#21 | Posted by LampLighter at 2024-04-15 06:11 PM | Reply

"Well, imo, yeah - significantly overpriced."

I've heard similar companies with similar outlooks go in the $2 range.

#22 | Posted by Danforth at 2024-04-15 06:29 PM | Reply

"I also am not a financial adviser. I do not provide investing advice."

#21 | POSTED BY LAMPLIGHTER

I understood you put the "douche" in fiduciary...

#23 | Posted by LegallyYourDead at 2024-04-15 06:56 PM | Reply

@#23 ... I understood you put the "douche" in fiduciary... ...

Sometimes, I do try.

                                      :)

#24 | Posted by LampLighter at 2024-04-15 07:05 PM | Reply

Down over 22% in the last 24 hours from Friday's close.

Down over 18% in regular trading, and down another 4% in pre-market trading today.

ALA Hindenburg crash:

"It's coming down crashing! . . . This is the worst of the worst pump and dumps in the world! Oh, it's crashing . . . oh, four or five million shares, and it's a terrific crash, ladies and gentlemen. There's smoke, and there's flames, now, and the stock is crashing to the ground, not quite to the bottom. Oh, the humanity, and all the mom & pop shareholders screaming around here!

. . . I can't talk, ladies and gentlemen. Honest, it's just laying there, a mass of smoking wreckage, and everybody can hardly breathe and talk . . . Honest, I can hardly breathe. I'm going to step inside where I cannot see it. . . ."


#25 | Posted by AMERICANUNITY at 2024-04-16 05:16 AM | Reply

The stock is tanking because it's built on sand; it's a social media company that appeals to the Daily Stormer, seig heil crowd, nobody will advertise there because it would ruin their corporate reputation, plus the morons who visit the site live in single wides, pork their sisters, and already send their govmint checks to Orange Satan for his legal defense...I mean reelection. The company has done nothing but lose money since its inception and has no long-term plan to turn a profit. Add to that their spokesman/largest shareholder is a bankrupt conman whose business failures read like "Bankruptcy for Dummies" and spell doom for anything he touches, yet he somehow thinks his "brand" has value. So, the stock tanks hard. Do they shore up the value to protect the initial investors? Hell NO, they announced that they would further depress the price by releasing more stock, making it less valuable. That's excellent business acumen you have there, Don Snoreleone. Most smart people recognize it for what it is, a way for foreign governments to put money directly into Dotard's pocket just before he sells his stock in five months. And some idiots think this moron would somehow be good for the economy? Jesus, MAGAts are stupid!

#26 | Posted by _Gunslinger_ at 2024-04-16 08:55 AM | Reply | Newsworthy 4

The stock is tanking because it's built on sand Hate.

"Jesus, MAGAts are stupid!"

Just like a Trumpy likes em.

#27 | Posted by donnerboy at 2024-04-16 10:35 AM | Reply | Newsworthy 1

Under $24 dollars now.

Goodbye MAGA retirement funds

#28 | Posted by Sycophant at 2024-04-16 12:32 PM | Reply

I wonder if it will break $20 today or if that will be later in the week?

#29 | Posted by Killjoy at 2024-04-16 01:12 PM | Reply

Well, it opened this morning at $27.25 and is currently priced at $23.10, still trending down, hard. Whoosh!

#30 | Posted by Doc_Sarvis at 2024-04-16 01:21 PM | Reply

MAGA doesn't need retirement funds. They are happy to work past seventy.

#31 | Posted by Zed at 2024-04-16 01:22 PM | Reply

They are happy to work past seventy.

They are assuming Lewzer will win in November and they will all be multi-gazillionaires just like him.

#32 | Posted by REDIAL at 2024-04-16 01:33 PM | Reply

Uh-oh, buckle up, buttercup: as of 1:32 Eastern, you could buy yourself a share in DJT for $22.60, down 15.07% from yesterday. Wow.

#33 | Posted by Doc_Sarvis at 2024-04-16 01:36 PM | Reply

buy yourself a share in DJT for $22.60

I think Lewzer still gets a big payday if it stays above $17ish.

#34 | Posted by REDIAL at 2024-04-16 01:40 PM | Reply

It won't stay above $17 by the time he can collect...

#35 | Posted by earthmuse at 2024-04-16 01:45 PM | Reply

It won't stay above $17 by the time he can collect...

Doesn't matter. He gets 36 million extra shares if the average price over 20 days stays above $17.

#36 | Posted by REDIAL at 2024-04-16 01:52 PM | Reply

Doesn't matter. He gets 36 million extra shares if the average price over 20 days stays above $17.

#36 | POSTED BY REDIAL

Yeah but he can't sell it.

First, he can't sell for 6 months from going public.

Second, there isn't enough appetite to buy the shares. He'd end up selling the majority of the shares for under $5 per share and it isn't likely he could even sell them all. The trading volume is only 8 million today.

#37 | Posted by Sycophant at 2024-04-16 04:50 PM | Reply

I'm no math genius but if you make MORE of something that is dropping in value, won't that cause the value to plummet?

#38 | Posted by truthhurts at 2024-04-16 05:13 PM | Reply

I won't be surprised if it's de-listed from NASDAQ and ends up as a sub-$1 penny stock on the OTC by the end of the year.

#39 | Posted by AMERICANUNITY at 2024-04-16 05:19 PM | Reply

Where's all the money coming from to back these shares?

#40 | Posted by Twinpac at 2024-04-16 07:31 PM | Reply

Where's all the money coming from to back these shares?

I think it's called campaign donations.

#41 | Posted by REDIAL at 2024-04-16 07:41 PM | Reply

REDIAL

"I think it's called campaign donations."

That doesn't sound right. If a stock owned company on the Exchange is offering shares, for an X amount of dollars, surely there must be an SEC law that requires the company to have an equal amount of liquid assets to honor any surrender of the shares they've just sold. Otherwise, they're selling worthless pieces of paper.

So, my question is: If a company calling itself Trump Media and Technology, with no physical assets in the plus column, was created out of thin air for the purpose of listing itself on the Stock Exchange, where is the money to honor the surrender of the stock they've sold.

I can understand if the stock value drops. They've already made some money. But if the stock increases in value ~ say from $100/per to $120/per ~ and the buyer cashes out high, where is the money coming from to honor the new value of the stock.

And why am I getting the feeling that DJT is operating like a failed pyramid scheme getting ready to implode.

#42 | Posted by Twinpac at 2024-04-17 03:43 AM | Reply

"Otherwise, they're selling worthless pieces of paper."

Welcome to capitalism! Never heard of "derivatives"? Buying stock is a form of gambling. They are all just magical pieces of paper. They are only worth what people are willing to pay for them.

What is a dollar bill worth? Exactly what we say it's worth. Because it's actually just a worthless piece of paper. Unless we say differently. Did you know that making a penny costs 3 cents? How does that even work?

How about bitcoin? It's only what people say it's worth. But it's actually worthless. You can't eat it and you can't even make jewelry out of it.

If the value of DJT is collapsing it's because people are losing faith in it and not enough are willing to buy it and they are selling more than they are buying. So it was all imaginary to start with.

That doesn't sound right!

#43 | Posted by donnerboy at 2024-04-17 12:31 PM | Reply

A relatively small number of DJT shares (8m) are traded each day out of 140,000,000 currently issued shares.

Any gains can easily be manipulated by a supporter or foreign entity.

Saudi Arabia, for instance, could pump the stock with pocket change.

#44 | Posted by AMERICANUNITY at 2024-04-17 02:23 PM | Reply

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